Economic Development

Milwaukee-based Harley-Davidson Inc. reported that its second quarter profit of $247.25 million, up 29.7 percent from its 2011 second quarter profit of $190.58 million. Diluted earnings per share were $1.07, up 32 percent from 81 cents in the 2011 second quarter.

Green Bay-based Tosca Limited, a provider of reusable container pooling and logistics services to the food supply chain, announced it has acquired the reusable plastic container division of Georgia-Pacific LLC.

Brookfield-based Fiserv Inc. has a banner second quarter with a 79 percent increase in net income to $161 million, or $1.17 dilutes earnings per share.

The poor housing market and large number of foreclosures continues to plague Milwaukee-based MGIC Investment Corp., which reported that its second quarter loss increased by 80.5 percent to $273.89 million.

BMO Financial Group announced the creation of BMO Harris Financial Advisors, a dedicated network of professionals committed to serving the financial planning and wealth management needs of BMO Harris Bank clients.

Menomonee Falls-based Assisted Living Concepts Inc. reported Thursday that it had a net loss of $25.1 million in the second quarter, compared to positive net income of $6.28 million in the second quarter of 2011.

Milwaukee-based Glenn Rieder Inc. announced that it has acquired San Diego-based Quality Cabinet and Fixture Company and its majority owned subsidiary, Quality Cabinets de Mexico S. de R.L. de C.V.

Cudahy logistics provider Roadrunner Transportation Systems Inc. has acquired R&M Transportation and Sortino Transportation for $24.4 million.

Milwaukee-based Bank Mutual Corp. has declared a quarterly cash dividend of $0.01 per share to be paid out on August 31 to shareholders of record as of August 17.

After three years of consistent growth, the Milwaukee region's manufacturing sector shifted into reverse in July, according to the Milwaukee ISM report by Marquette University.